(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Apr 08, 2021, 03:09 /Comserve / -- 3D Systems Corporation, 3D Vinci Creation, BESIX Group, COBOD International, CyBe Construction, Generation 3D, Massivit 3D Printing Technologies Ltd, Nano Dimension Ltd., XtreeE, Ying Chuang Building Tech (Shanghai) Co., Ltd (Winsun)
Market Overview:
MENA Infrastructure 3D Printing Market was valued at US$ 37.54 Million in 2018 and is anticipated to reach US$ 103.7 Million by 2025 displaying a reasonable CAGR of 13.5% over the forecast period (2019-2025). 3D printing, also referred to as additive manufacturing, is a combination of processes used to produce three-dimensional objects from the 3D model or other electronic data sources. In the case of 3D printing, numerous layers of different kinds of printing materials are formed under machine control to create a 3-dimensional object. Since the 3D Printing industry is growing consistently in terms of adoption and applications, as per International Data Corporation (IDC), spending on 3D printing in the Middle East and Africa (MEA) is set to increase from US$470m in 2015 to reach US$1.3bn by 2019. 3D Printing is rapidly expanding in the industries where physical components are involved, right up to large-scale engineering. New printing technologies can handle a whole array of materials, including concrete, steel and ceramics among others. 3D Printing and its application in the Construction/Infrastructure sector have witnessed wide adoption, designers need to view and visualize the object in 3D. Construction is one of the lucrative markets for 3D printing as most of the information needed to create an item exists as a result of the design process, and the industry is already experienced in computer-aided manufacturing. In addition, the emergence of building information modelling (BIM) would provide wide growth opportunities for the use of technology in the construction/infrastructure sector. In the construction industry, 3D printing technology is used for creating construction components or for printing the entire building structure. 3D printing techniques are seen as a solution to the worldwide housing crisis.
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Competitive Landscape-Top 10 Market Players
3D Systems Corporation, 3D Vinci Creation, BESIX Group, COBOD International, CyBe Construction, Generation 3D, Massivit 3D Printing Technologies Ltd, Nano Dimension Ltd., XtreeE and Ying Chuang Building Tech (Shanghai) Co., Ltd (Winsun) are some of the prominent players operating in the MENA Infrastructure 3D Printing market industry. Several M & A's along with partnerships have been undertaken by these players to facilitate costumers with hi-tech and innovative products.
'Professional Printers was the most used printer type, followed by desktop printers
Based on the product (printer), the market is segmented into Professional/Industrial Printers and Personal/Desktop 3D Printers. Professional/Industrial Printers dominated the MENA Infrastructure 3D Printing market and is expected to maintain its dominance throughout the analyzed period. Desktop 3D Printer is expected to witness a CAGR growth of 15.2% during the analyzed period.
'Amongst material type, the concrete segment accounted for 33.7% in 2018 and is projected to dominate the MENA Infrastructure 3D Printing market by 2025.
On the basis of material type, the report bifurcates the MENA Infrastructure 3D Printing market into concrete, plastic, metal and alloys, ceramic and others. In 2018, the concrete segment dominated the market, however, the ceramic segment is expected to witness a tremendous CAGR growth of 15.5% during the analyzed period. Based on service type, the market is segmented into Custom Design and Manufacturing and After Sales Service. In 2018, Custom Design and Manufacturing generated revenue of US$ 4.06 million in the MENA Infrastructure 3D Printing market.
'Fused Deposition Modelling technology dominated the market with a 31.6% share in 2018
Based on technology, the MENA infrastructure 3D Printing market is divided into Fused Deposition Modelling, selective laser sintering, stereolithography, electron beam melting and laminated object manufacturing among others. In 2018, Fused Deposition Modelling technology dominated the market, however, Electron Beam Melting technology is expected to witness the highest CAGR growth of 15.9% during the analyzed period.
'Amongst application type, Functional Parts are anticipated to dominate the MENA Infrastructure 3D Printing market by 2025.
Depending on application type, the market is segmented into Functional Parts, Fit and Assembly, Prototype Modelling, Training & Consulting, Metal Casting, Metal Casting, Visual Aids and Presentation Modelling. In 2018, functional parts occupied the largest share followed by Fit and assembly application type in the regional 3D printing market. However, the Oncology application type will rise during the forecast due to the rising trend.
'Amongst construction method type, Extrusion method dominated the market and is expected to retain dominance throughout the forecast period
Based on the construction method, the market is divided into extrusion and powder bonding. The extrusion type occupied the largest share of 72.1% in 2018. The segment is expected to grow at the highest CAGR as well during the analyzed period 2019-2025. Based on practice area type, the MENA Infrastructure 3D Printing market is segmented into construction, architecture and others. The construction segment dominated the market, generating revenue of US$ 28.89 million in 2018. Further, based on End-user the MENA Infrastructure 3D Printing market is bifurcated into commercial, residential, industrial and others. The commercial segment dominated the market in 2018, however, the residential sector is expected to witness the highest adoption of 3D printing in the MENA region during the analyzed period.
'UAE represents one of the largest markets of MENA Infrastructure 3D Printing industry
The MENA Infrastructure 3D Printing market is analyzed based on its outreach in countries such as UAE, Qatar, Saudi Arabia, Kuwait, Egypt, Algeria and the rest of MENA. UAE is the largest adopter of 3D printing technology in the MENA region. UAE accounted for an 18.4% share in the MENA Infrastructure 3D Printing market in 2018. Other active markets in the region include Saudi Arabia and Qatar, and Egypt among others, wherein they undertake several research and development initiatives to revolutionize the advanced technologies applications in the construction sector. In 2016, the first 3D printed office was built in Dubai (UAE).
Reasons to buy:
• Current and future market size from 2018 to 2025 in terms of value (US$)
• Combined analysis of deep-dive secondary research and input from primary research through Key Opinion Leaders of the industry
• Country-level details of the overall adoption of MENA infrastructure 3D Printing market
• A quick review of overall industry performance at a glance
• In-depth analysis of key industry players
• A detailed analysis of regulatory framework, drivers, restraints, key trends and opportunities prevailing in the industry
• Examination of industry attractiveness with the help of Porter's Five Forces analysis and start-ups
• The study comprehensively covers the market across different segments and sub-segments of the technology
• Countries Covered: UAE, Qatar, KSA, Kuwait, Egypt, Algeria, Rest of M
Customization Options:
UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients. The MENA Infrastructure 3D Printing Market can be customized to an additional country level or any other market segment.
Request to Fill The Form To get Sample Copy of This Report:
"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."
Table of Content
1. MARKET INTRODUCTION
1.1 Market Definition 16
1.2 Objective of the Study 16
1.3 Limitation 16
1.4 Stakeholders 17
1.5 Currency used in the Report 17
1.6 Scope of the MENA Infrastructure 3D Printing Market Study 17
2. RESEARCH METHODOLOGY OR ASSUMPTION 18
2.1 Research Methodology for the MENA Infrastructure 3D Printing Market Study 18
2.1.1 Main objective of the MENA Infrastructure 3D Printing Market Study 19
3. INDUSTRY PERFORMANCE 20
4. EXECUTIVE SUMMARY 22
5. MARKET OVERVIEW 24
5.1 Introduction 24
5.2 Market Dynamics 25
5.2.1 Market Trend & Drivers 25
5.2.1.1 Potential for Mass Customization and Enhanced Architectural Flexibility 25
5.2.1.2 Booming 3D technique in Industrial application 25
5.2.1.3 Rise in Government Support 26
5.2.2 Market Challenges 26
5.2.2.1 3D Printing held back by High Cost 26
5.2.2.2 Limited Resource Pool in 3D Printing 26
5.2.2.3 Lack of Awareness 27
5.2.3 Market Opportunities 27
5.2.3.1 Faster Supply Chain and Reduced Lead Times 27
5.2.3.2 Rise in Demand for New Construction Projects Across Regions 28
5.2.3.3 Increasing use of 3D Printing technology in Manufacturing 28
5.2.3.4 Increasing Spending on 3D Printing Technology 28
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